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India is Entering a Momentous Year
In 2017, India will see the implications of Government’s previous announcements especially the first quarter of the calendar year will be very important as the economy would get to know the full impact of demonetization and introduction of GST. As soon as the economy revives from the ongoing cash crunch, the markets are expected to bounce back due to increased consumption demand. Probabilities of declaration of softer Taxes in the upcoming budget are there, that may help accelerate the momentum of the economy further. The recovery will be fueled by the channeling back of ‘black money’ into the economy for productive deployment, rollout of GST and increased usage of digital payments.
There are series of events that are scheduled in the upcoming year that will reshuffle the face on the geopolitical ground and thereafter impact trade policies. Trump who has till now been the most unpredictable regarding his foreign policies will take over the charge as the President of the world biggest economy. Still concealed that which countries will be in his allies, but some signals from the president-elect makes it evident that China will be on edge while India may avail the benefits. There is an ongoing wave of populism that has procreated de-globalization and regionalization and are influencing French elections too. It can be a breakthrough year for India if US growth and fiscal spending takes off, and Budget strengthens India’s positive spending. Even Finance Minister has commented to make India globally compatible through lower level of taxation.
We hope that it is going to be a bumper year for our economy to catch the fastest pace of growth in the world. The first issue of our monthly magazine Investors India in 2017 opens door to good investment prospects for our readers. The complete scenario of the Indian Economy, the funds you can go for, how real estate is expected to behave and what you need to consider before buying a critical illness plan. Our dedicated readers can enjoy reading our Lifestyle Section and know how our body self-heals itself by its immune system.
Prudent Investing!
K.K.Bajaj